Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

A Festive Period of Despair: Nigeria’s Economy in Ruins

Nnaemeka OkwarabyNnaemeka Okwara
December 21, 2024
in Business & Finance
0
A Festive Period of Despair: Nigeria’s Economy in Ruins
Share on FacebookShare on TwitterShare on Whatsapp

The festive season in Nigeria, a time once filled with laughter, joy, and communal sharing, has turned into a bleak reminder of the country’s economic collapse. Prices are rising quickly, taxes are too high, and bad government decisions are making life very hard for most people. The government’s plans, like the 2025 budget, sound more like unrealistic dreams—big and fancy, but not helpful or real.

Inflation has quietly become a major problem in Nigeria, making it hard for people to achieve their dreams. The cost of essential items has risen so much that most people can’t afford them. A bag of rice now costs more than the minimum wage, making survival an unattainable luxury for many. Families are forced to choose between food and shelter, medicine and education. The government’s decision to raise taxes on goods makes things even worse, as every purchase feels like a punishment for being alive.

Economic methods designed to create stability have been used as tools to harm people. Decisions are made in quiet meeting rooms by wealthy experts who don’t know or care about the everyday lives of Nigerians. Subsidies are taken away without offering anything else, exchange rates are left in disorder, and high interest rates hurt both businesses and regular people. These tools, which were meant to help the country grow, now cause only sadness and hardship.

The 2025 budget, presented with fanfare and lofty promises, is a cruel joke on the masses. It’s nothing but a list of fantasies better suited for a bedtime story. The 2025 budget, announced with a lot of excitement and big promises, is actually a mean joke on regular people. It’s just a collection of unrealistic ideas that would be better in a fairy tale. The promises about building better roads, creating jobs, and  poverty alleviation are repeated like a broken record, with no substance or strategy to back them. It’s like a wish list for a perfect world that doesn’t exist. In truth, it’s just another plan that will end up forgotten, like many others before it.

Nothing highlights the government’s failure more starkly than the tragic deaths of Nigerians in stampedes for a bag of rice. This isn’t just about hunger; it’s about a system that ignores people’s needs and doesn’t value their lives. Men, women, and children, pushed to desperation, are crushed by others just to get a small chance at survival. These deaths are not accidents; they are casualties of an economic war waged against the poor.

What will happen to Nigeria in the future? At the moment, it seems uncertain. Many young people, who once had hope and dreams, are leaving the country in large numbers. They are looking for better opportunities in other places where their hard work is appreciated and their rights are respected. The older generation, worn out and disappointed, can only watch as the nation they worked to build falls apart.

The government keeps saying, “Brighter days are coming,” but this promise feels empty now. How can people have hope when the systems that are supposed to help and support them are actually working against them?

This festive period is not festive for the majority of Nigerians. It’s a time of mourning—for lives lost in stampedes, for dreams crushed by inflation, for families torn apart by economic migration.

Tags: A Festive Period of Despair: Nigeria’s Economy in RuinsEconomyfederal characterFestiveFinanceNigeria
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip
Business & Finance

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip

November 1, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 31, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 30, 2025
Next Post
A Christmas in Lagos: Can You Really Afford This Christmas?

A Christmas in Lagos: Can You Really Afford This Christmas?

Canada: PM Trudeau To Reshuffle Cabinet Amid Resignation Calls

Trudeau Faces Political Crossroads as NDP Declares No-Confidence Motion

Israel’s Air Defenses Falter as Yemen Missile Strikes Tel Aviv

Israel’s Air Defenses Falter as Yemen Missile Strikes Tel Aviv

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Casualisation of workers must end- FG vows

Casualisation of workers must end- FG vows

4 years ago
Anambra: Gunmen Terrorizing the State are not “Unknown” says CP

Anambra: Gunmen Terrorizing the State are not “Unknown” says CP

3 years ago
Medical Staff Struggles to Evacuate Gaza Hospital Amid Evacuation Order

Medical Staff Struggles to Evacuate Gaza Hospital Amid Evacuation Order

10 months ago
Naomi Osaka Forced to Quit Japan Open Following Painful Leg Injury

Naomi Osaka Forced to Quit Japan Open Following Painful Leg Injury

2 weeks ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Two More Charged in Connection with €88 Million Louvre Jewellery Heist

Mark Carney Says He Apologized to Donald Trump Over Anti-Tariff Ad

China to Loosen Chip Export Ban to Europe After Netherlands Row

Trump Is Now The Most Dangerous Person On Planet Earth

Baltimore County Agree To Work With ICE

Amid Bloodshed, Tanzania’s Samia Declared Winner of Disputed Election

Trending

Maryland State Senator Caught in Blackmail Scandal
Politics

Maryland State Senator Caught in Blackmail Scandal

byEriki Joan Ugunushe
November 1, 2025
0

Politics is never quiet, but this week took a shocking turn as Maryland state senator, brother and...

Chelsea Beat Spurs to Make it Five Straight London Derby Wins

Chelsea Beat Spurs to Make it Five Straight London Derby Wins

November 1, 2025
Health Insurance Premiums Set to Spike, Impacting Millions of Americans

Health Insurance Premiums Set to Spike, Impacting Millions of Americans

November 1, 2025
Two More Charged in Connection with €88 Million Louvre Jewellery Heist

Two More Charged in Connection with €88 Million Louvre Jewellery Heist

November 1, 2025
Mark Carney Says He Apologized to Donald Trump Over Anti-Tariff Ad

Mark Carney Says He Apologized to Donald Trump Over Anti-Tariff Ad

November 1, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Maryland State Senator Caught in Blackmail Scandal
  • Chelsea Beat Spurs to Make it Five Straight London Derby Wins
  • Health Insurance Premiums Set to Spike, Impacting Millions of Americans

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com